[Public Officials' Asset Disclosure] Mayor Park Namchun Ranks 4th Among Metropolitan Leaders... Incheon Senior Officials Average 997 Million KRW

Park Nam-chun, Mayor of Incheon

[Asia Economy Reporter Park Hyesook] Park Namchun, the mayor of Incheon, reported assets worth over 2.7 billion KRW, ranking fourth among metropolitan mayors nationwide. Additionally, the average assets of senior public officials in Incheon were calculated at 997 million KRW.

According to the 2022 regular asset change report for public officials, published in the government gazette by the Public Service Ethics Committee on the 31st, Mayor Park declared assets totaling 2.7744 billion KRW, including housing and deposits. This is an increase of 96.52 million KRW compared to the previous year. Among the 14 metropolitan mayors nationwide excluding vacant posts, this ranks fourth in asset size.

Mayor Park's assets were more weighted towards deposits than real estate. The only real estate property was an apartment jointly owned with his spouse in Nonhyeon-dong, Namdong-gu, valued at 720 million KRW, unchanged from last year.

On the other hand, deposits amounted to 1.91186 billion KRW, accounting for 68.9% of total assets. Most of the deposit amounts were dispersed into over 30 accounts, each below the deposit insurance limit of 50 million KRW.

His two children refused to disclose their assets, citing independent livelihood reasons.

The average assets of 52 senior officials in Incheon, including mayors, county heads, district heads, first-level public officials, and city council members, as disclosed by the Public Service Ethics Committee, were calculated at 997 million KRW, an increase of 67 million KRW from the previous year.

Deputy Mayor for Administration Ahn Younggyu reported assets of 1.46593 billion KRW. He owns two apartments: one solely in Sejong City and another jointly with his spouse in Songdo, Yeonsu-gu.

Cho Taeksang, Deputy Mayor for Balanced Development and Political Affairs, declared assets of 1.30293 billion KRW, an increase of 370 million KRW from last year.

Also reported were Shin Eunho, Chairman of the Incheon City Council, with 361.17 million KRW; Lee Byungrok, Chairman of the Incheon Autonomous Police Committee, with 2.78715 billion KRW; Ban Byungwook, Secretary General of the Autonomous Police Committee, with 271.83 million KRW; and Lee Wonjae, Director of the Incheon Free Economic Zone Authority, with 1.76738 billion KRW.

Among the heads of the 10 basic local governments in Incheon, Seo-gu Mayor Lee Jaehyun had the highest assets at 2.29342 billion KRW.

Following were Hong Inseong, Jung-gu Mayor, with 1.8064 billion KRW; Yoo Cheonho, Ganghwa County Governor, with 1.75545 billion KRW; Park Hyungwoo, Gyeyang-gu Mayor, with 1.39545 billion KRW; Jang Jeongmin, Ongjin County Governor, with 1.01651 billion KRW; Kim Jeongsik, Michuhol-gu Mayor, with 835.75 million KRW; Heo Inhwan, Dong-gu Mayor, with 789.27 million KRW; Lee Kangho, Namdong-gu Mayor, with 778.31 million KRW; Cha Juntak, Bupyeong-gu Mayor, with 589.90 million KRW; and Ko Namseok, Yeonsu-gu Mayor, with 421.20 million KRW.

Among the 36 city council members, Kim Junsik of the Democratic Party had the highest assets at 7.85601 billion KRW, while Cho Sunhee of the Justice Party reported the lowest assets at -44.76 million KRW.

This content was produced with the assistance of AI translation services.